Pioneer Natural Resources: Moderate Buy Rating from Brokerages

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Pioneer Natural Resources ($NYSE:PXD) is an oil and gas exploration and production company headquartered in Irving, Texas. The company’s operations are focused in the Permian Basin of West Texas and the Eagle Ford Shale in South Texas. Pioneer Natural Resources has been rated “Moderate Buy” by several brokerages. Pioneer Natural Resources has a strong presence in two of the most active oil and gas plays in the country, and the company is well-positioned to benefit from the continued growth in U.S. production.

Stock Price

Pioneer Natural Resources has received a moderate buy rating from brokerages. Right now, news coverage of the company is mostly positive. On Wednesday, PIONEER NATURAL RESOURCES stock opened at $242.9 and closed at $250.6, up by 2.5% from the previous closing price of $244.5. Pioneer Natural Resources is an oil and gas exploration and production company with operations in the United States, Canada, and South Africa. The company’s main focus is on unconventional oil and gas resources, such as tight oil, shale oil, and shale gas. Pioneer Natural Resources has been in the news recently for its successful operations in the Permian Basin, which is one of the most prolific oil and gas producing regions in the United States. The company’s stock has been on a tear in recent months, as investors have been betting on continued success in the Permian Basin.

However, the company has significant potential for growth, and its stock is worth considering for investors who are looking for exposure to the oil and gas sector. Live Quote…

About the Company

VI Analysis

It is classified as a ‘cheetah’ company, meaning that it has achieved high revenue or earnings growth but is considered less stable due to lower profitability. This type of company may be of interest to investors who are looking for high growth potential but are willing to accept more risk. PIONEER NATURAL RESOURCES has a high health score of 7/10, indicating that it is capable of sustaining future operations even in times of crisis. More…

VI Peers

Pioneer Natural Resources Co is an oil and gas exploration and production company with operations in the United States, South Africa, and Tunisia. The Company’s competitors include APA Corp, Continental Resources Inc, Murphy Oil Corp.

– APA Corp ($NASDAQ:APA)

Founded in 1892, APA Corporation is one of the largest publicly traded oil and gas exploration and production companies in the United States. The company has a market capitalization of $13.68 billion and a return on equity of 1079.73%. APA Corporation is engaged in the exploration, development, and production of natural gas and crude oil. The company operates in the Anadarko Basin, Permian Basin, and Gulf Coast regions of the United States.

– Continental Resources Inc ($NYSE:CLR)

Continental Resources is an American petroleum and natural gas exploration and production company with operations in the Bakken formation in North Dakota and Montana. The company is headquartered in Oklahoma City, Oklahoma. As of December 31, 2020, the company had 1,965 million barrels of oil equivalent of proved reserves, of which 68% was petroleum, 29% was natural gas, and 3% was natural gas liquids. Production averaged 467,000 barrels of oil equivalent per day in 2020.

– Murphy Oil Corp ($NYSE:MUR)

Murphy Oil Corporation is an American oil and gas company headquartered in Houston, Texas. The company was founded in 1950 and is engaged in the exploration, production, and marketing of crude oil, natural gas, and natural gas liquids. Murphy Oil Corporation operates in three segments: Exploration and Production, Refining and Marketing, and Corporate. The Exploration and Production segment explores for, develops, and produces crude oil and natural gas. The Refining and Marketing segment refines crude oil into finished petroleum products and markets these products in the United States and international markets. The Corporate segment includes the company’s central administrative functions.

Summary

Pioneer Natural Resources is a large independent oil and gas exploration and production company with operations in the United States, Canada, and South Africa. The company also has a significant presence in the Eagle Ford Shale, another major U.S. shale play. The stock is a good option for investors looking for exposure to the energy sector.